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To: Scott C. Lemon who wrote (28080)9/13/1999 1:08:00 PM
From: Paul Fiondella  Read Replies (2) | Respond to of 42771
 
On stock options

Did you have to exercise all of your options before you left the company?

Before you left the company Did the options you were granted have an expiration date?



To: Scott C. Lemon who wrote (28080)9/14/1999 12:08:00 AM
From: primepower  Respond to of 42771
 
You missed one other point about these "Nonqualified Options"
The $10,000 that is included on your W-2 to be taxed is also a tax deduction to the Company for the same amount.
This deduction does not show as a expense on the P&L but as a deduction to the tax liability. That is why so many Co's have moved to these non-qualified options because the stockholders at least get the benefit of the lower tax liability.


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